Streetbeat News

Corporate Responsibility

HSTO

Histogen has announced that its Board of Directors approved a Plan of Dissolution, leading to a drop in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:31 pm

META

Facebook CEO Mark Zuckerberg has announced the creation of a new AI non-profit organization. The goal of this organization is to build a virtual cell to predict how every cell in the human body will behave, whether healthy or diseased.

Portfolio Pulse from Happy Mohamed

September 19, 2023 | 2:23 pm

CBOE

Edward T. Tilly, the CEO of Cboe Global Markets, Inc. (BATS:CBOE), has resigned due to policy violations related to undisclosed personal relationships with colleagues. Fredric J. Tomczyk, a member of Cboe's Board of Directors and former CEO of TD Ameritrade, has been appointed as the new CEO. The company's shares are trading higher by 2.57% at $155.60.

Portfolio Pulse from Akanksha Bakshi

September 19, 2023 | 2:14 pm

AMZN

GOOG

MSFT

TSM

Several major companies have made headlines. Amazon has hired Microsoft's Chief Product Officer, Panos Panay. Google is under scrutiny for allegedly manipulating ad auctions. Taiwan Semiconductor Manufacturing is planning to boost packaging capacity in Arizona. Microsoft has addressed a security incident involving sensitive information exposure on GitHub. Novo Nordisk has partnered with Aspen Pharmacare to produce insulin in South Africa. BeiGene has regained rights to its cancer drug from Novartis. Rocket Lab's 41st mission faced technical issues. The European Commission has approved ViiV Healthcare's HIV prevention drug. AutoZone's Q4 earnings exceeded estimates. BP has appointed Kate Thomson as interim CFO. MGM Resorts may lose out on casino licenses in NYC due to a scandal. Google and the Department of Defense are developing an AI-powered microscope. Apple faces threats from Huawei in China. Google's Bard AI chatbot is being integrated with Gmail, Google Docs, and YouTube. Starbucks is facing a lawsuit over its 'fruit' drinks.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 2:01 pm

HBI

HanesBrands is considering strategic options for its global Champion business, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:49 pm

CPSH

CPS Technologies Corporation (NASDAQ:CPSH) has received a phase I SBIR award, valued at approximately $200,000, from the U.S. Department of Energy. This is the company's first grant from this agency and the fifth SBIR/STTR award since such work became a priority for CPS a little over a year ago. The study, entitled 'Modular Radiation Shielding for Transportation and Use of Microreactors,' will be led by Matthew Karnick, a materials scientist at the Company.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:21 pm

RVNC

Revance Therapeutics Inc has announced plans to exit the OPUL Payments business. The exit and restructuring activities will predominantly include a reduction in OPUL personnel headcount, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:13 pm

WMG

Warner Music Group Corp. (NASDAQ:WMG) has announced the appointment of Bryan Castellani as its new Executive Vice President and Chief Financial Officer, effective from October 16. Castellani, who has over two decades of experience at The Walt Disney Company, will succeed Eric Levin, who is retiring in January. Castellani's appointment is expected to bring new insights and strategies to WMG, given his extensive experience in media and finance.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:11 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares are trading lower after a surge on Monday following the announcement of a new chief operating officer, Mary Chan. Chan, who previously served as a managing partner at VectoIQ and as president and COO of VectoIQ Acquisition Corp, will lead several teams at Nikola, including engineering, program, product, supply chain, and manufacturing. Nikola's CEO, Steve Girsky, believes Chan's appointment will streamline decision-making processes and improve the company's engineering and manufacturing capabilities.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 1:08 pm

ALLY

Ally Financial Inc. has launched Ally.ai, a proprietary, cloud-based AI platform aimed at strategic problem solving and future scalability. The platform integrates AI capabilities into business operations at an enterprise scale. Ally.ai was built on Ally's dedicated cloud infrastructure with its own private network, ensuring data security. The platform has already been used in a customer call summarization pilot program, which received positive feedback from associates. The company plans to explore more generative AI use cases in the future.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:01 pm